Home Renovation Incentive (HRI) Scheme
The Finance Act 2014 has provided for a Home Owners Renovation (HRI) Scheme which will run until the end of December 2018. The Incentive provides for tax relief by way of an Income Tax credit at 13.5% of qualifying expenditure on repair, renovation or improvement works carried out on a main home or rental property by qualifying Contractors.
In order for you to qualify for this scheme there is a number of criteria that must be met.
The works must cost a minimum of €4,405 (before VAT), which will attract a credit of €595. Where the cost of the works exceeds €30,000 (before VAT), a maximum credit of €4,050 will apply.
The works must take place before the end of December 2018 & must be supplied & fitted by Waterloo Bathrooms. For more information please visit: http://www.revenue.ie/en/tax/it/reliefs/hri/